Intuitive Surgical Inc (ISRG)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,798,000	1,322,300	1,704,600	1,060,600	1,379,300
Total assets	US$ in thousands	15,441,500	12,974,000	13,555,000	11,168,900	9,733,200
ROA		11.64%	10.19%	12.58%	9.50%	14.17%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $1,798,000K ÷ $15,441,500K
= 11.64%

Intuitive Surgical Inc's return on assets (ROA) has shown some fluctuations over the past five years. The company's ROA was 11.64% as of Dec 31, 2023, which is an increase from the previous year's 10.19%. This suggests improved efficiency in generating profit from its assets in the most recent period.

Comparing the ROA of 2023 to the figures from the preceding years, Intuitive Surgical Inc's ROA was highest in 2019 at 14.17%, indicating the company was more effective in utilizing its assets to generate profit in that year. However, there was a notable decrease in the ROA in 2020 to 9.50%, hinting at potentially less efficient asset utilization during that period.

Overall, the trend in Intuitive Surgical Inc's ROA shows some variations, with the company experiencing both ups and downs in asset efficiency over the past five years. It is essential for stakeholders to closely monitor ROA trends to assess the company's ability to generate profits relative to its asset base.